3M shares climb as CEO signals stronger Q2 growth and steady order momentum

3M Company (MMM) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to upbeat commentary from 3M’s CEO during an investor conference, highlighting confidence in second-quarter growth and continued order/backlog conversion. The shares may also be getting a small lift from near-term shareholder returns, with the next quarterly dividend scheduled to be paid this week.

Details:

During remarks at the Wells Fargo Industrials & Materials Conference, CEO William Brown said the company is “very confident” it will be “solidly above 3%” organic growth in Q2, citing orders and backlog converting to revenue.

Management described order trends as resilient and said backlog had continued to build further as the quarter progressed, supporting expectations for a “very solid” Q2 and improving momentum into the second half.

3M previously announced Brown would speak at the June 10, 2026 investor event, with a webcast and replay available through the company’s investor relations site.

Separately, 3M declared a $0.78 per share quarterly dividend for Q2 2026, payable June 12, 2026, to shareholders of record as of May 22, 2026.

Sources:

TipRanks, PR Newswire, 3M News Center

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MMM Insider Trading Activity

$MMM insiders have traded $MMM stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $MMM stock by insiders over the last 6 months:

ZOE L DICKSON (EVP & Chief HR Officer) sold 25,055 shares for an estimated $4,267,868
THERESA E REINSETH (Sr Vice President & CAO) has made 0 purchases and 5 sales selling 5,145 shares for an estimated $888,795.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$MMM Hedge Fund Activity

We have seen 785 institutional investors add shares of $MMM stock to their portfolio, and 1,172 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AUTO-OWNERS INSURANCE CO removed 14,460,599 shares (-99.4%) from their portfolio in Q1 2026, for an estimated $2,100,112,792
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 6,011,692 shares (-96.8%) from their portfolio in Q1 2026, for an estimated $873,078,029
BLACKROCK, INC. added 3,499,792 shares (+8.9%) to their portfolio in Q1 2026, for an estimated $508,274,792
VOYA INVESTMENT MANAGEMENT LLC removed 2,095,503 shares (-86.3%) from their portfolio in Q1 2026, for an estimated $304,329,900
SG AMERICAS SECURITIES, LLC added 2,055,419 shares (+653.6%) to their portfolio in Q1 2026, for an estimated $298,508,501
HOLOCENE ADVISORS, LP removed 1,735,802 shares (-79.4%) from their portfolio in Q1 2026, for an estimated $252,090,524
CAPITAL WORLD INVESTORS removed 1,663,471 shares (-15.4%) from their portfolio in Q1 2026, for an estimated $241,585,893

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MMM Government Contracts

We have seen $35,683,521 of award payments to $MMM over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

SOLE SOURCE AWARD FOR RENEWAL OF SOLVENTUM HIS CRS+ ENCODER SOFTWARE LICENSES AND SUPPORT SERVICES FOR VA H...: $12,047,442
MAINTENANCE OF THE GROUPERS: $3,152,557
8511696838!HEADSET-MICROPHONE: $1,317,720

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$MMM Congressional Stock Trading

Members of Congress have traded $MMM stock 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $MMM stock by members of Congress over the last 6 months:

REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 04/28.
SENATOR TINA SMITH sold up to $100,000 on 03/31.
REPRESENTATIVE JULIA LETLOW has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 02/04, 02/02.
REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 12/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$MMM Analyst Ratings

Wall Street analysts have issued reports on $MMM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 01/21/2026

To track analyst ratings and price targets for $MMM, check out Quiver Quantitative's $MMM forecast page.

$MMM Price Targets

Multiple analysts have issued price targets for $MMM recently. We have seen 7 analysts offer price targets for $MMM in the last 6 months, with a median target of $166.0.

Here are some recent targets:

Deane Dray from RBC Capital set a target price of $133.0 on 04/22/2026
Joe O'Dea from Wells Fargo set a target price of $165.0 on 04/22/2026
Andrew Kaplowitz from Citigroup set a target price of $166.0 on 04/13/2026
Julian Mitchell from Barclays set a target price of $185.0 on 04/01/2026
Chris Snyder from Morgan Stanley set a target price of $165.0 on 01/21/2026
Nicole Deblase from Deutsche Bank set a target price of $181.0 on 01/21/2026
Stephen Tusa from JP Morgan set a target price of $182.0 on 01/16/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.